RE:BLCO spinoffAt a ratio of .85 BLCO to BHC shares, a warrant to purchase .85 of a share of BLCO at $4 usd would net BHC over 1.2b usd for debt reduction. Warrants could have an expiry date for early 2025 and would automatically have a value of approximately $10 usd. Exercise price could be adjusted upward if more was needed for debt reduction but this would still allow the shareholders that bought into BHC a chance to participate in the company that they bought into which included Bausch & Lomb. This senerio would leave BHC and their shareholders in a position.